At the upcoming Annual General Meeting on April 30, 2024, important decisions will be made about the future of your company ProSiebenSat.1.
ProSiebenSat.1's largest minority shareholder, MFE-MEDIAFOREUROPE N.V. (MFE), has submitted various proposals in the run-up to the Annual General Meeting. Among other things, MFE is calling for the company to be split up and for two members of the Supervisory Board to be replaced by candidates proposed by MFE.
MFE's demands would have far-reaching consequences and, from the point of view of the Executive Board and the Supervisory Board of ProSiebenSat.1, are not in the interest of all shareholders.
The choice is yours! As a shareholder of ProSiebenSat.1, make use of your voting rights.
„Our vision is clear: we want to become the number one entertainment player in the German-speaking region, with high profitability and a fast-growing digital business. That is why we put our entertainment business at the core. We have been investing in our products, in content for our channels and growing our digital offering with Joyn. At the same time, we are focussing on cost efficiency and further debt reduction. We have improved the profitability of our e-commerce businesses and initiated a sale process with banks for two of our largest assets, Verivox and Flaconi, to maximise value. The Executive Board and Supervisory Board reject MFE's proposals as they would restrict our options and create no value for all shareholders.”
Our recommendations at the Annual General Meeting
- Agenda items 8 and 13: Renowned independent members for the Supervisory Board instead of disproportionate presence of the largest minority shareholders
- Agenda item 11: No splitting up of the company, but rather a value-maximizing sale of certain holdings in the Commerce & Ventures and Dating & Video segments to reduce debt
- Agenda item 12: No restriction on authorized capital, in order to preserve entrepreneurial scope for action
- Agenda item 14: No amendment to the Articles of Incorporation, that interferes with the supervisory function of the supervisory board of a listed company
The entire agenda of the Annual General Meeting 2024 can be found here: Link
Detailed information on our strategy, the Supervisory Board and our position on MFE's proposals can be found in this presentation:
Shareholder Hotline: +49-89-9507 1502
E-mail: Aktie@prosiebensat1.com